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What is an ETF?

ETFs are exchange traded funds that track an index and are quoted on the ASX. The units of an ETF trade like listed shares. Like individual securities, ETFs provide investors with the flexibility to buy and sell units on the securities exchange throughout the day, at the market price.

An ETF is similar to a managed fund, providing access to a diversified portfolio of securities, but it can be bought and sold at quoted prices at any time during the ASX trading hours (10am to 4pm). Ordinarily, unquoted managed funds can only be bought or sold once per day, based on closing prices for the day. ETFs do not have minimums to invest, minimum holding periods or early withdrawal fees. ETFs hold the underlying securities in a trust separately with a custodian.

This website is intended for persons resident in Australia. UBS Global Asset Management (Australia) Ltd ABN 31 003 146 290, AFS Licence No. 222605 is the product issuer. Before making an investment decision, you need to consider whether this information is appropriate to your objectives, financial situation or needs. Any potential investor should consider the relevant PDS in deciding whether to acquire, or continue to hold units in a fund. Please consult your financial adviser. Past performance is not a reliable indicator of future performance.